BlackRock Executive: The impact of tokenization is comparable to the early internet, a financial revolution from paper certificates to blockchain ledgers.

[Chain News] The two pros at BlackRock—CEO Larry Fink and COO Rob Goldstein—recently published an article, praising tokenization to the skies. They said the impact of this thing is about as strong as when the internet first emerged.

Interestingly, Fink also reminisced about the old days. He said that when he first entered the industry in the 1970s, trading relied entirely on making phone calls to shout out orders, and settlements? They had to wait for the courier to deliver the paper vouchers. It wasn't until 1977, when SWIFT emerged, that there was a standardized electronic system between banks, and settlements were compressed from days to just a few minutes. Now, global transfers? Completed in milliseconds.

Then the conversation turned – in 2009, Satoshi Nakamoto created the blockchain mechanism for Bitcoin, eliminating intermediaries and establishing a shared ledger that anyone could verify. This is the underlying logic of tokenization: putting various assets into a independently verifiable digital record. Two executives even joked that for the first time since the invention of double-entry bookkeeping, a ledger has made people so excited.

They admitted that at first, the traditional finance circle couldn't understand the intricacies, as tokenization was mixed up with the speculative hype of trading coins. However, the trend has changed in recent years—everyone has realized that this technology can significantly broaden the scope of investment, far beyond just trading stocks and bonds. Digital ledgers record asset ownership, optimizing efficiency, transparency, and lowering barriers across the board; this is what is truly reshaping financial infrastructure.